Existing Default definition
Existing Default has the meanings specified in Section 2 hereof.
Existing Default and “Existing Defaults” have the meanings specified in Section 2 hereof.
Existing Default a Default which has occurred and is continuing, or an Event of Default which has occurred, and which has not been waived in writing by Lender.
Examples of Existing Default in a sentence
Each of the Credit Parties hereby acknowledges and agrees that Agent and ▇▇▇▇▇▇▇ have made no commitment as to how or whether the Existing Default will be resolved, nor have they given any assurances or commitments with respect to any additional or future standstill, waiver or accommodation of any kind upon the termination or expiration of the Limited Waiver Period, and each of the Credit Parties agrees that neither Agent nor Lenders have any obligation to extend the Limited Waiver Period.
Without limiting the foregoing, as of the date hereof, Agent does not have actual knowledge of the continuation of any Event of Default other than the Existing Default.
More Definitions of Existing Default
Existing Default means, as of any date, an Event of Default which has occurred and is continuing as of such date.
Existing Default is defined in Section 12.19.
Existing Default means any default or potential default under any Existing Transaction Document that has occurred prior to the Restructuring Effective Date;
Existing Default means any Event of Default arising pursuant to Section 8.01(b) of the Credit Agreement by virtue of any breach as of December 31, 2008 in respect of Section 7.11(a).
Existing Default means the Event of Default existing on this date under Section 8.01(c) of the Credit Agreement as a consequence of a breach of the negative covenant set forth at Section 7.13 of the Credit Agreement solely for the quarter ended September 30, 1996.
Existing Default means the default existing on this date under Section 9.01(c) of the Credit Agreement, solely as a consequence of a breach of the negative covenant set forth at Section 8.16 of the Credit Agreement for the fiscal quarter ended October 31, 1998 and solely to the extent such default may have arisen from the loss incurred by the Company on the sale of the assets of the MMG Division of its Subsidiary, OCLI Optical Coating Laboratory GmbH.
Existing Default means the event of default existing for the Borrower’s annual accounting period that ended on December 31, 2013, with respect to the financial covenant set forth in Paragraph 8.3 (Profitability.) of the Agreement.